Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

25
Posts
2
Votes
Chris Braudis Jr
  • Rental Property Investor
  • MA
2
Votes |
25
Posts

What are top 3 pitfalls to avoid when using OPM?

Chris Braudis Jr
  • Rental Property Investor
  • MA
Posted

What are top 3 pitfalls to avoid when using OPM to fund a deal? 

What should I consider as method of repaying the investor whether I should provide equity stake versus % return on money invested? 

  • Chris Braudis Jr
  • Most Popular Reply

    User Stats

    1,113
    Posts
    967
    Votes
    Theo Hicks
    • Rental Property Investor
    • Tampa, FL
    967
    Votes |
    1,113
    Posts
    Theo Hicks
    • Rental Property Investor
    • Tampa, FL
    Replied

    I think the biggest pitfall is lack of transparency. 

    To avoid this pitfall, send monthly recap emails to investors for each property. If a problem arises, identify the right solution as quickly as possible, and communicate the issue and the solution to your investors in the recap email.

    Loading replies...